Owen Lau

for the succession plan or search, could you please talk about the characteristic of the new CEO, why now, the timing of the search, and how will the search impact the strategy you have put out so ...

could you please talk about the macro backdrop for the second half? What are the key drivers that can sustain these strong hedging activities

how much of it is driven by your partnership with Robinhood and how much more you can do with them and launch more products through their platform?

fourth quarter futures and options RPC, it was $0.701, up from $0.666 in the third quarter because of a mix-shift towards higher-price commodity activity

Would you consider launching more derivative products for tokens other than Bitcoin and Ether? And what does it take to go there?

could you please give us an update on launching crypto options trading in the U.S. and the timing of that? What are the major hurdles in front of you?

the valuation of the whole sector, including tokens and equities has come down. How does Coinbase think about the opportunities in larger-scale buybacks and M&A?

what you have heard from the banks and merchants so far about these deal capabilities? And have you started to see more merchants moving into blockchain or even considering moving into blockchain?

Could you please talk about that potential license? Why there isn't a super app in the U.S.? And why you think Base can do it?

What will Coinbase look like longer term? Do you think Coinbase will be more like a tech provider, a surface onchain bank or a super app like WeChat?

Could you please talk about how we can still gain shares, not just one month or two months, but through the cycle and what makes Coinbase Global, Inc. different from other platforms?

Got it. That's helpful. And then maybe quickly on consumer lending, it was pretty strong up 19% year over year in the se

Hi, good morning. Thank you for taking my question. So going back to Fendi's core, Mark, I understand that it may be too

Got it. So quickly on mortgage assumption, I know there's lots of questions about mortgage already, but you mentioned th

Hey, good morning. Thank you for taking my question.

is it fair to say that the market uncertainty actually helps your data feed business, because people want more data, people want more kind of information that’s why that part of the business outper...

What were the key reasons for the win? Do you have a more competitive pricing strategy or products? And do you expect more wins like that

why it's very hard for whatever Vantage or a third-party AI platform to come in and create a more predictive credit score

have you heard of any of these 21 lenders received the updated LLPA grid from FHFA for the pilot?

If it is implemented, how would it potentially impact FICO? Do you think consumers will go to other form of loans, which will still need to use FICO score for underwriting?

Is it really a one-off deal that we shouldn't expect this to recur, or FICO platform begins to gain recognition and traction, and more similar deals could come more frequently in the future?

Is the pricing lock in, in this agreement or there's flexibility for FICO to raise pricing because of the value you provided

could you please talk about other markets such as credit card, auto and personal loan? When there's no requirement from anyone, do you see any traction that VantageScore is gaining any market shares

if lenders were to move to VantageScore, usually, how long does it take for lenders to switch over? Can they do it within 1 or 2 years

Could you please talk about the pipeline and outlook of bookings over the next quarter or so?

I think you mentioned expense will go up from here. And in the third quarter, there will be FICO World. Any more color you can add

how do you assume how many weight cuts you expect in 2025? And how will that impact the loan volume

I want to go back to your MIS margin guide, which is better than expected, and I think it is even higher than your medium-term guidance which is around low 60%. Could you please talk about the driv...

Research & Insights was better than expected. Could you please unpack a little bit more on the driver of this strength? Is it mainly driven by Research Assistant

could you please add more color on the revenue model of the independent risk assessments? What are the use cases

what are the remaining hurdles you need to cross before you can execute the first 3?

could you please talk about your go-to-market strategy and the revenue model of this product

Could you please add more color on the priorities of your private market solutions in 2026?

there may be some pull forward for auto activities in the first half, which could normalize in the second half. Your revenue guidance also implies that your growth in the second half will be maybe ...

could you please talk about how do you bridge the flat bond business to the zero to four percent ratings revenue growth? Is it mainly driven by pricing

is there anything you have learned from these conversations that you could do something differently to enhance the value of your products in the future